Consumers Union

Recent Posts

Justice Department approves CVS-Aetna merger, with conditions

WASHINGTON –The Justice Department on Wednesday cleared CVS Health Corp.’s planned $69 billion merger with Aetna Inc. after the companies agreed to divest a Medicare prescription drug plan sold by the Hartford-based health insurer. Consumer groups, however, continue to oppose the deal. Continue Reading →

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Blumenthal, others grill Aetna, Anthem chiefs about mergers

WASHINGTON – Skeptical members of the Senate Judiciary Committee on Tuesday questioned Aetna CEO Mark Bertolini and Anthem CEO Joseph Swedish about their plans to merge with other large insurers, citing concerns about the consolidation’s impact on consumers. Continue Reading →

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State regulators did little to curb Aetna rate hikes

Washington –- For years, insurance giant Aetna charged individual health insurance policyholders in Connecticut premiums far exceeding industry norms compared to what it paid out on medical claims. The oversized rates were allowed by the Connecticut Department of Insurance and only ended with the implementation of Obamacare. Continue Reading →

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